Nu Holdings Ltd. (NYSE:NU) reported its third-quarter results after Wednesday's closing bell. Here's a look at the details from the report.
The Details: Nu Holdings reported quarterly earnings of 11 cents per share, in line with the analyst consensus estimate. Quarterly revenue came in at $2.94 billion which beat the analyst consensus estimate of $2.85 billion and is an increase over sales of $2.14 billion from the same period last year.
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"Our third quarter 2024 underscores the strength of our business model, demonstrating top-line growth and sustained profitability. We reached $2.9 billion in revenue, driven by both customer acquisition — now reaching 110 million globally — and enhanced customer engagement through cross-selling and up-selling initiatives, alongside appealing product launches,” said David Vélez, founder and CEO of Nubank.
NU Price Action: According to Benzinga Pro, Nu Holdings shares are up 3.13% after-hours at $16.17 at the time of publication Wednesday.
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Photo: Courtesy of Nu Holdings, Ltd.
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